Walt Disney (NYSE:DIS) Stock Price Expected to Rise, Bank of America Analyst Says

Walt Disney (NYSE:DISFree Report) had its price target hoisted by Bank of America from $120.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the entertainment giant’s stock.

DIS has been the topic of a number of other research reports. Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. UBS Group lowered their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Sanford C. Bernstein increased their target price on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Evercore ISI increased their target price on Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.57.

Check Out Our Latest Stock Report on Walt Disney

Walt Disney Stock Up 5.5 %

DIS stock opened at $115.08 on Friday. Walt Disney has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The business’s 50-day moving average is $95.57 and its two-hundred day moving average is $96.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.73. The company has a market cap of $208.71 billion, a price-to-earnings ratio of 42.46, a P/E/G ratio of 1.87 and a beta of 1.40.

Hedge Funds Weigh In On Walt Disney

Several institutional investors have recently added to or reduced their stakes in DIS. Quent Capital LLC grew its holdings in Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after buying an additional 327 shares in the last quarter. Spirepoint Private Client LLC purchased a new position in shares of Walt Disney in the 1st quarter worth approximately $239,000. TIAA Trust National Association boosted its holdings in shares of Walt Disney by 1.8% in the 1st quarter. TIAA Trust National Association now owns 92,130 shares of the entertainment giant’s stock worth $11,273,000 after purchasing an additional 1,621 shares during the period. Connors Investor Services Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth approximately $10,474,000. Finally, Blue Barn Wealth LLC boosted its holdings in shares of Walt Disney by 16.4% in the 1st quarter. Blue Barn Wealth LLC now owns 2,702 shares of the entertainment giant’s stock worth $331,000 after purchasing an additional 381 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

About Walt Disney

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The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

Further Reading

Analyst Recommendations for Walt Disney (NYSE:DIS)

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